Aggregated price index with volume information
Summary:
- Alternative Power Generation stocks up 0.5% on average while median return up 1.3% in a day
- Alternative Power Generation stocks down 3.7% on average while median return down 0.9% in a week
- Alternative Power Generation stocks down 5.7% on average while median return down 3.2% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $CWEN 7.5%, $AY 6.4%, $NEP 0.1%
- 1M losers are : Losers for past month are $BIP -8.1%, $RUN -10.7%, $MAXN -45.3%
- 1W winners are : Winners for past week are $BIP 5.1%, $AY 0.9%
- 1W losers are : Losers for past week are $NEP -1.5%, $RUN -11.9%, $MAXN -14.2%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 37.7%, for the past 3 months is 36.7%
In the past month for a 5 days rolling window, the highest corrrelation is 66.0%, the lowest correlation is 4.9%, the latest correlation is 55.5%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 76.1% between MAXN and RUN
The lowest correlation is -6.3% between BIP and ELLO
NextEra Energy Partners' (NEP) first-quarter 2024 results are likely to benefit from an expanding renewable energy portfolio and the sale of its Texas pipeline portfolio.
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
NextEra Energy (NEE) closed the most recent trading day at $64.01, moving +0.34% from the previous trading session.
NextEra Energy (NEE) is likely to come out with an earnings surprise this season courtesy of strong performance of its segments and demand from expanding customer base.
Evaluate the expected performance of NextEra (NEE) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
The renewable energy company offers a huge 12% dividend yield, but will it last?
NextEra (NEE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Entergy (ETR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NextEra Energy Partners (NEP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).